This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its unique structure allows it to interact with specific receptors or enzymes, making it valuable in the design of potential therapeutic agents. Additionally, it is explored in the synthesis of novel compounds for studying cellular signaling pathways and drug discovery processes. Its application is also extended to material science, where it contributes to the development of advanced organic materials with specific electronic or optical properties.